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Leveraged Portfolio

Last updated May 1, 2024

Asset Allocation

TMF 45%SPXL 40%ERX 5%NUGT 5%GUSH 5%BondBondEquityEquity
PositionCategory/SectorWeight
ERX
Direxion Daily Energy Bull 2X Shares		Leveraged Equities, Leveraged

5%

GUSH
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares		Leveraged Equities, Leveraged

5%

NUGT
Direxion Daily Gold Miners Bull 2X Shares		Leveraged Equities, Leveraged

5%

SPXL
Direxion Daily S&P 500 Bull 3X Shares		Leveraged Equities, Leveraged

40%

TMF
Direxion Daily 20-Year Treasury Bull 3X		Leveraged Bonds, Leveraged

45%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Leveraged Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

60.00%80.00%100.00%120.00%140.00%NovemberDecember2024FebruaryMarchApril
105.89%
138.95%
Leveraged Portfolio
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is May 29, 2015, corresponding to the inception date of GUSH

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		5.57%-4.16%20.07%20.82%11.56%10.37%
Leveraged Portfolio-7.25%-13.82%35.58%0.70%6.42%N/A
Portfolio components:
SPXL
Direxion Daily S&P 500 Bull 3X Shares		12.49%-12.99%62.88%56.06%18.89%22.46%
TMF
Direxion Daily 20-Year Treasury Bull 3X		-31.54%-19.38%11.92%-44.19%-25.49%-10.87%
ERX
Direxion Daily Energy Bull 2X Shares		22.83%-2.61%19.00%19.06%-17.17%-22.76%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		7.54%8.18%32.03%-13.90%-11.42%-30.62%
GUSH
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares		19.52%-5.27%5.61%33.97%-46.33%N/A

Monthly Returns Heatmap

JanFebMarAprMayJunJulAugSepOctNovDec
2024-3.71%3.11%8.41%
2023-11.52%24.92%17.01%

Expense Ratio

Leveraged Portfolio has a high expense ratio of 1.07%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

NUGT
Direxion Daily Gold Miners Bull 2X Shares
Expense ratio chart for NUGT: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%
GUSH
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares
Expense ratio chart for GUSH: current value at 1.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.17%
TMF
Direxion Daily 20-Year Treasury Bull 3X
Expense ratio chart for TMF: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
ERX
Direxion Daily Energy Bull 2X Shares
Expense ratio chart for ERX: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
Expense ratio chart for SPXL: current value at 1.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.02%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Leveraged Portfolio
Sharpe ratio
The chart of Sharpe ratio for Leveraged Portfolio, currently valued at -0.11, compared to the broader market-1.000.001.002.003.004.005.00-0.11
Sortino ratio
The chart of Sortino ratio for Leveraged Portfolio, currently valued at 0.06, compared to the broader market-2.000.002.004.006.000.06
Omega ratio
The chart of Omega ratio for Leveraged Portfolio, currently valued at 1.01, compared to the broader market0.801.001.201.401.601.801.01
Calmar ratio
The chart of Calmar ratio for Leveraged Portfolio, currently valued at -0.05, compared to the broader market0.002.004.006.008.0010.00-0.05
Martin ratio
The chart of Martin ratio for Leveraged Portfolio, currently valued at -0.27, compared to the broader market0.0010.0020.0030.0040.00-0.27
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.78, compared to the broader market-1.000.001.002.003.004.005.001.78
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.58, compared to the broader market-2.000.002.004.006.002.58
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.31, compared to the broader market0.801.001.201.401.601.801.31
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.36, compared to the broader market0.002.004.006.008.0010.001.36
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.92, compared to the broader market0.0010.0020.0030.0040.006.92
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
SPXL
Direxion Daily S&P 500 Bull 3X Shares		1.602.191.261.055.82
TMF
Direxion Daily 20-Year Treasury Bull 3X		-0.98-1.470.84-0.53-1.42
ERX
Direxion Daily Energy Bull 2X Shares		0.430.841.100.181.23
NUGT
Direxion Daily Gold Miners Bull 2X Shares		-0.250.051.01-0.16-0.43
GUSH
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares		0.681.181.140.322.15

Sharpe Ratio

The current Leveraged Portfolio Sharpe ratio is -0.11. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.21 to 2.18, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of Leveraged Portfolio with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2024FebruaryMarchApril
-0.11
1.78
Leveraged Portfolio
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Leveraged Portfolio granted a 2.58% dividend yield in the last twelve months.

TTM20232022202120202019201820172016201520142013
Leveraged Portfolio2.58%2.05%1.03%0.21%0.43%0.95%1.27%1.78%0.16%0.00%0.00%0.26%
Portfolio components:
SPXL
Direxion Daily S&P 500 Bull 3X Shares		0.99%0.98%0.32%0.11%0.22%0.84%1.02%3.88%0.00%0.00%0.00%0.00%
TMF
Direxion Daily 20-Year Treasury Bull 3X		4.08%2.82%1.62%0.13%0.48%0.94%1.49%0.41%0.00%0.00%0.00%0.57%
ERX
Direxion Daily Energy Bull 2X Shares		2.62%3.17%2.23%2.16%2.35%1.56%3.10%0.85%0.00%0.00%0.00%0.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		1.95%1.67%0.70%0.00%0.00%0.63%0.57%0.00%0.00%0.00%0.00%0.00%
GUSH
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares		2.37%3.00%0.47%0.00%0.20%1.68%0.17%0.00%3.26%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2024FebruaryMarchApril
-50.10%
-4.16%
Leveraged Portfolio
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Leveraged Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Leveraged Portfolio was 63.45%, occurring on Oct 27, 2023. The portfolio has not yet recovered.

The current Leveraged Portfolio drawdown is 50.10%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-63.45%Nov 10, 2021494Oct 27, 2023———
-45.54%Mar 9, 20208Mar 18, 202029Apr 29, 202037
-27.19%Jan 29, 2018229Dec 24, 2018113Jun 7, 2019342
-24.57%Jun 1, 2015161Jan 19, 201655Apr 7, 2016216
-22.16%Aug 19, 201661Nov 14, 2016204Sep 7, 2017265

Volatility

Volatility Chart

The current Leveraged Portfolio volatility is 8.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2024FebruaryMarchApril
8.38%
3.95%
Leveraged Portfolio
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
NUGTTMFSPXLGUSHERX
NUGT1.000.240.150.160.16
TMF0.241.00-0.19-0.27-0.29
SPXL0.15-0.191.000.490.54
GUSH0.16-0.270.491.000.91
ERX0.16-0.290.540.911.00